Daily Market Overview: EUR/JPY

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 104.40
Daily minimum: 103.15

The shared European currency jumped today, breaching the market participants' consensus target at 103.60 on hopes that the latest EU measures will resolve the debt crisis.

Daily Resistance: 104.21; 104.82; 105.43. 
Daily Support: 102.99; 102.38; 101.77. 
Daily Bias: Bullish.
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Fri, 09 Dec 2011 17:34:02 GMT

Daily Market Overview: GBP/USD

The British pound continued its bearish trend after the m/m Production Price Index was released at 0.1% - less than expected, pointing at a slowing pace of the UK economic recovery. The daily target at 1.5656 has been hit.

Fri, 09 Dec 2011 17:33:32 GMT

Daily Market Overview: EUR/USD

The forecast mean at 1.3356 has been pierced after the EU leaders agreed on budget rigor and forming a tighter financial union, causing the euro edge higher over its American counterpart.

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